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Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.
  • Does Saudi-Iran deal undercut goals of Pentagon’s chief’s Middle East visit?

    Surprise Saudi-Iran detente, midwifed by China, has gone against the drift of Austin’s visit to the Middle East which was...

    Austin visited Jordan, Iraq, Egypt and Israel to shore up US standing and support in view of the growing China-Russia interest and outreach to the Gulf states

    But the surprise Saudi-Iran detente has gone against the drift of his visit largely premised on an abiding antagonism between the two countries

  • Tunisian coast guard rescues 1,008 Africans headed for Europe

    Tunis, Tunisia--More than 1,000 Africans trying to reach Europe have been rescued in a single night off Tunisia, the coast guard...

    According to Tunisia's coast guard, more than 1,000 migrants have been rescued off the coast, some 80 miles from Italy

    Most of them were from sub-Saharan Africa but it included more than 50 Tunisians too, said the coast guard

  • Yemen’s opposing sides to hold talks in Geneva over prisoner swap

    Negotiations overseen in Switzerland by the UN and the International Committee of the Red Cross will see Yemen's warring parties...

    One of the Houthi delegates to the Geneva talks in a Twitter post on Thursday said that he hoped the negotiations would yield concrete results

    According to the ICRC, the last major prisoner swap happened in October 2020 when a total of 1,056 prisoners were set free by both sides

  • Turkey poll on May 14: Erdogan vows to heal quake-stricken nation

    Erdogan banned music from his campaign as he signed a decree on national television that kics off campaigning for what...

    Voters face a choice between keeping Erdogan's Islamic-rooted party in power until 2028 or handing the reins back to the main secular party of Turkey's founder Kemal Ataturk.

    Erdogan's political opponents have formed the type of broad-tent coalition that Erdogan himself relied on to win more than a dozen elections over his career.

  • COP28 President Designate meets with key US government officials

    WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al...

    The UAE minister discussed multilateral development bank reform as weel as an update on recent US climate policy action.

    They discussed the need to invest in global clean energy supply chains, and the role of the US-UAE Partnership for Accelerating Clean Energy.

  • Syria’s Aleppo airport operational after Israeli air attack

    DAMASCUS, SYRIA - Syria's Aleppo airport, a key conduit for relief flights after the devastating February earthquake, reopened on Friday, an...

    The damage caused by the raid forced aid deliveries and all flights to be diverted to Latakia and Damascus airports, the transport ministry had said.

    Israeli warplanes killed three people in the raid on the airport in Aleppo, Syria's second city, the Syrian Observatory for Human Rights war monitor had said.

  • Iran and Saudi

    Iran, Saudi agree to restore severed ties after talks in China

    Riyadh cut ties with Tehran after Iranian protesters attacked Saudi diplomatic missions in the Islamic republic in 2016 following the...

    Ali Shamkhani, the secretary of Iran's Supreme NSC, had travelled to Beijing for "intensive negotiations with his Saudi counterpart" to resolve Riyadh -Tehran problems, IRNA said.

    Iraq, a neighbor to both countries, had hosted several rounds of low-level talks between Iran and Saudi Arabia since April 2021.

  • Israeli settler kills suspected Palestinian gunman in West Bank

    An Israeli settler killed an assailant in the occupied West Bank, the Israeli military said, the latest bloodshed in a...

    The Palestinian health ministry said the settler killed 21-year-old Abd al-Karim al-Sheikh at Qalqilya, a Palestinian city near Dorot Illit.

    The attack came hours after a member of the armed wing of the Palestinian Islamist movement Hamas opened fire on a cafe in Tel Aviv.

  • Turkey to hold talks with Sweden, Finland on stalled NATO bids

    A statement from NATO said that "participants welcomed the progress that has been made" on a three-way deal struck last...

    Turkey and Hungary are the only NATO countries still to ratify the applications, which must be accepted by all 30 existing members of the military organization

    Finland and Sweden dropped their decades-long policies of military non-alignment and applied to join the alliance last May after Moscow's invasion of Ukraine

  • Bahrain ‘cancels’ HRW visas ahead of parliamentary meet

    Dubai, UAE -- Bahrain has revoked visas for two members of Human Rights Watch who planned to attend this week's...

    The IPU, which groups parliaments around the world and aims to promote democracy, said it was "aware" the visas were revoked.

    But IPU said it "is not responsible for the visa process which is a sovereign decision of the host country".